I am using my own money to buy the car and want to ensure the I get the title. What is the procedure for doing this?
2006-10-03 10:07:31 · 8 answers · asked by jbm02e 1 in Cars & Transportation ➔ Buying & Selling
You need to get together with the seller and the bank at the same time. Give the money to the bank and they will give you the title. If you give the money to the seller then he may not give it to the bank.
2006-10-03 10:12:47 · answer #1 · answered by DAVID S 2 · 3⤊ 0⤋
you really have to trust the person you are dealing with, because, after you give them the money, they have to send the money to the bank in order to clear the title; only then will they be able to give it to you (that is my understanding); there really is no way around it; i just hope you know this person or at least can track them down if something goes wrong! make sure you get some kind of receipt, even if it is just a typed up piece of paper, saying that you paid them, etc. you shouldn't be driving the car without the title, because without the title, you cannot get your own insurance, etc. just take your time and get all the steps done. good luck!
2006-10-03 10:14:57 · answer #2 · answered by KJC 7 · 0⤊ 0⤋
Talk to the bank and see if they will give you the title. Pay this money only to the bank, not the car's owner. You don't want to buy it twice.
2006-10-03 15:15:51 · answer #3 · answered by randyrich 5 · 0⤊ 0⤋
If the bank itself is not available, then have a cashiers check made out to the bank and have him fill out the dmv papers for the sale. Give him the check, take the car and the signed documents and have him mail the check in to the bank.
If you give him cash, then he has to deposit it, write a check to the bank wait for it to clear etc etc. Took my sister almost a month to get her title when she did it this way.
As long as you have proof of sale, and a check to refer to if there is any questions, then you can legally take possession of the car. He would get title or make arrangements for you to get it, then sign that over to you when he receives it.
2006-10-03 10:18:43 · answer #4 · answered by Mike C 4 · 0⤊ 0⤋
Take the person you are buying the car from, to the bank, and make sure they payment off the loan, using your payment to do so. The bank will clear the title to you.
2006-10-03 10:18:27 · answer #5 · answered by spiritwalker 6 · 0⤊ 0⤋
No. Most international automobiles are constructed in America through Americans. "Despite gradual fiscal development, the U.S. stays the sector’s greatest purchaser marketplace and is the sector’s best vacation spot for international direct funding (FDI). Hence thousands of international companies have operations within the U.S. to take skills of this massive marketplace. This method of international firms making an investment within the U.S. and developing jobs is known as “Insourcing." We have factories and jobs that we're insourcing from different nations .. given that we're less expensive than every other nations, like Honda Cars, Toyota, BMW, Mercedes, Volkswagen, Hyundai, Nissan and many others. Others?
2016-08-29 08:28:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Conduct the transaction at the bank that holds the lien. They should be able to surrender the title and lien release if you deliver cash or certified funds.
2006-10-03 10:16:20 · answer #7 · answered by crustysob 3 · 0⤊ 0⤋
The lien will have to be paid off first. My advice, keep looking.
2006-10-03 10:43:10 · answer #8 · answered by Captleemo 3 · 0⤊ 0⤋